https://www-scmp-com.libproxy1.nus.edu.sg/rss/318210/feed Hong Kong economy news including annual budget, MPF pensions, retail and transport. en https://assets-v2.i-scmp.com/production/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg Ng Kang-chung Ng Kang-chung Global attention will turn to Hong Kong this week as about 500 senior officials and delegates from the Asia-Pacific Economic Cooperation’s 21 members gather in the city for the Apec Finance Ministers’ Meeting on Tuesday and Wednesday. It is the first time Hong Kong has hosted the meeting, with Beijing’s support, as mainland China prepares to host the Apec leaders’ summit in Shenzhen next month. Hong Kong joined Apec in 1991 and has continued to take part in the economic forum’s affairs under the... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371408/apec-hong-kong-what-know-500-delegates-descend-city?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371408/apec-hong-kong-what-know-500-delegates-descend-city?utm_source=rss_feed Mon, 19 Oct 2026 12:13:31 +0000 Matthew Cheng,Jess Ma,Wynna Wong Matthew Cheng,Jess Ma,Wynna Wong Inbound crossings at Hong Kong’s revamped Huanggang Port surged by 366 per cent on Monday afternoon over comparable periods in September, as the first long weekend since its reopening came to a close, with authorities expecting an even greater rush later in the evening. A steady stream of travellers returned to Hong Kong through the checkpoint on Monday, with crowds growing noticeably by 5pm, peaking at around 6.15pm, and tapering off by 7pm, as observed by the South China Morning Post. Unlike... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371353/lawmakers-blame-huanggang-port-queues-confusion-traffic-surge-and-system-issues?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371353/lawmakers-blame-huanggang-port-queues-confusion-traffic-surge-and-system-issues?utm_source=rss_feed Mon, 19 Oct 2026 05:23:26 +0000 Denise Tsang Denise Tsang Giant pandas, open-top bus tours, a Chinese cooking class, traditional opera, a harbour cruise, the Big Buddha and The Peak are among the highlights of a packed social programme for VIPs attending this week’s meeting of Apec finance ministers in Hong Kong, the South China Morning Post has learned. According to official itineraries obtained by the SCMP, about 500 delegates and guests from the Asia-Pacific Economic Cooperation forum’s 21 members have been offered a range of activities running from... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371324/pandas-peak-vistas-hong-kong-sets-out-captivate-apec-delegates?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371324/pandas-peak-vistas-hong-kong-sets-out-captivate-apec-delegates?utm_source=rss_feed Mon, 19 Oct 2026 05:00:13 +0000 Kristen Cheung Kristen Cheung A pavilion dedicated to second-hand smartphones has made its debut at a Hong Kong trade show now under way, drawing international recycling platforms, refurbishers and automated kiosk operators hoping to use the city as a springboard to export used devices to other markets. The inaugural Global Mobile Exchange Pavilion, co-hosted by the Hong Kong International Communications Electronic Chamber (HKICEC) and Global Sources, opened on Sunday at AsiaWorld-Expo as part of phase two of the Global... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371309/second-hand-smartphone-traders-eye-hong-kong-springboard-global-exports?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371309/second-hand-smartphone-traders-eye-hong-kong-springboard-global-exports?utm_source=rss_feed Sun, 18 Oct 2026 12:00:01 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong homebuyers are poised to see new residential launches in the coming days and weeks following a sell-out weekend of more than 360 flats in two major projects in the city. Sun Hung Kai Properties (SHKP), one of Hong Kong’s major developers and landlords, was set to hold a second round of sales for Sierra Sea Phase 2C(2) in Shap Sze Heung, which is between Sai Kung and Ma On Shan, with 152 flats on offer on Wednesday, it said in a statement. Among them, 128 flats would be sold via a... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371302/hong-kongs-primary-residential-market-sees-wave-launches-successful-sales?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371302/hong-kongs-primary-residential-market-sees-wave-launches-successful-sales?utm_source=rss_feed Sun, 18 Oct 2026 10:01:52 +0000 Wynna Wong Wynna Wong Ten to 20 more companies are set to establish or expand operations in Hong Kong, including leading drug makers and a semiconductor business, with a roughly equal number of mainland Chinese and overseas firms, the head of a government investment office has said. Peter Yan King-shun, director general of the Office for Attracting Strategic Enterprises (OASES), a government body under the Financial Secretary’s Office, offered a preview of the developments on Sunday ahead of the announcement of... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371290/more-drug-semiconductor-firms-eyeing-hong-kong-expansion-oases-head-says?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371290/more-drug-semiconductor-firms-eyeing-hong-kong-expansion-oases-head-says?utm_source=rss_feed Sun, 18 Oct 2026 06:54:46 +0000 Natalie Wong Natalie Wong The government is more “optimistic” than the International Monetary Fund (IMF) about Hong Kong’s economic growth for the year, the finance chief has said, pointing to the city’s unique position to capitalise on international capital flows and the artificial intelligence (AI) boom. Writing on his blog on Sunday after attending the IMF and World Bank Group’s annual meetings in Bangkok, Financial Secretary Paul Chan Mo-po said world leaders’ discussions had been dominated by two factors: the rapid... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371288/hong-kong-optimistic-economic-growth-despite-global-slowdown-paul-chan-says?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371288/hong-kong-optimistic-economic-growth-despite-global-slowdown-paul-chan-says?utm_source=rss_feed Sun, 18 Oct 2026 06:20:55 +0000 Simpson Cheung,Lam Ka-sing Simpson Cheung,Lam Ka-sing As Hong Kong hosts the Apec Finance Ministers’ Meeting on Tuesday, this two-part series examines the summit’s significance and its implications for Beijing on the global stage. In part one, Simpson Cheung and Alfred Lam explore how the event could elevate the city’s status as an international financial centre at a pivotal moment. Beijing’s decision to have Hong Kong host the Apec Finance Ministers’ Meeting this week is a deliberate move to galvanise the city’s standing as an offshore renminbi... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371251/why-hong-kong-hosting-apec-finance-ministers-meeting-there-another-agenda?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371251/why-hong-kong-hosting-apec-finance-ministers-meeting-there-another-agenda?utm_source=rss_feed Sun, 18 Oct 2026 01:00:06 +0000 Ambrose Li,Emily Hung Ambrose Li,Emily Hung Hong Kong’s revamped Huanggang Port is expected to handle more than 100,000 passenger trips a day over the Chung Yeung Festival long weekend, although its departure hall remained quiet on Saturday morning. Secretary for Security Chris Tang Ping-keung said the border crossing had operated smoothly since opening on Monday, handling about 80,000 passenger trips a day, with the figure exceeding 92,000 on Friday. That represented a 1.5-fold to almost twofold increase from the 30,000 to 40,000 trips... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371240/hong-kongs-new-huanggang-port-seemingly-quiet-ahead-expected-holiday-rush?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371240/hong-kongs-new-huanggang-port-seemingly-quiet-ahead-expected-holiday-rush?utm_source=rss_feed Sat, 17 Oct 2026 05:51:54 +0000 Lam Ka-sing,Denise Tsang Lam Ka-sing,Denise Tsang Distinctive features will set Hong Kong apart from London, a major bullion hub, as the city accelerates efforts to develop an international gold and precious metals trading ecosystem covering the entire value chain, a minister has told the South China Morning Post. In an exclusive interview on Thursday, Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said the city would officially launch a central gold clearing platform in the first quarter of next year. It would... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371228/hong-kong-touts-distinct-features-set-it-apart-london-global-gold-hub-push?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371228/hong-kong-touts-distinct-features-set-it-apart-london-global-gold-hub-push?utm_source=rss_feed Sat, 17 Oct 2026 04:01:11 +0000 Eric Jiang,Lexi Tian Eric Jiang,Lexi Tian Hong Kong can capture a share of the global yacht industry, which is expected to reach HK$350 billion (US$44.6 billion) in six years, a senior official has said as the city launched a scheme to welcome leisure vessels from mainland China. Secretary for Transport and Logistics Mable Chan also announced fresh measures to attract overseas captains and draw superyachts to the city on Friday. The new Southbound Travel for Yachts from Guangdong scheme is part of the government’s broader plan to... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371123/hong-kong-aims-share-hk350-billion-yacht-industry-travel-scheme-launches?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371123/hong-kong-aims-share-hk350-billion-yacht-industry-travel-scheme-launches?utm_source=rss_feed Fri, 16 Oct 2026 07:03:02 +0000 Wynna Wong Wynna Wong American athleisure brand Alo generated nearly HK$20 million (US$2.6 million) in sales during its first week in Hong Kong, breaking an opening-week record at a luxury waterfront shopping centre and highlighting growing appetite for premium wellness products amid an uneven retail recovery. The brand, which soft opened its first Greater China flagship at K11 Musea in Tsim Sha Tsui on September 25, recorded the highest first-week sales among new stores at the mall, excluding jewellery and watch... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371055/alo-yoga-rakes-record-hk20-million-first-week-sales-hong-kong-mall?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371055/alo-yoga-rakes-record-hk20-million-first-week-sales-hong-kong-mall?utm_source=rss_feed Fri, 16 Oct 2026 05:00:08 +0000 Simpson Cheung,Jess Ma Simpson Cheung,Jess Ma Hong Kong police will conduct round-the-clock patrols in Wan Chai from Friday as part of enhanced security arrangements for the coming Apec Finance Ministers’ Meeting, as delegates begin arriving in the city, the South China Morning Post has learned. Delegates from the 21 Asia-Pacific Economic Cooperation member economies will travel to Hong Kong as early as Friday for preparatory work, although most ministers are not expected to arrive until Sunday at the earliest. They will stay at several top... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371050/hong-kong-carry-out-24-hour-patrols-near-apec-meeting-venue-and-delegate-hotels?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371050/hong-kong-carry-out-24-hour-patrols-near-apec-meeting-venue-and-delegate-hotels?utm_source=rss_feed Fri, 16 Oct 2026 01:30:09 +0000 SCMP SCMP This is the fourth in a series of factsheets about Hong Kong’s first five-year plan and 2026 policy address. Part I – Hong Kong’s new chapter Part II – The story begins... Part III – Sharpening the city’s edge Part IV – Tapping into tech and talent The series has been produced with support from the Hong Kong SAR government. To see the South China Morning Post’s coverage of the five-year plan, click here. This Factsheet will appear in the SCMP print edition on October 20. You can find it... https://www-scmp-com.libproxy1.nus.edu.sg/plus/news/hong-kong/hong-kong-economy/article/3371053/tapping-tech-and-talent?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/plus/news/hong-kong/hong-kong-economy/article/3371053/tapping-tech-and-talent?utm_source=rss_feed Fri, 16 Oct 2026 01:00:15 +0000 SCMP SCMP This is the third in a series of Factsheets on Hong Kong’s first five-year plan and 2026 policy address. Part I – Hong Kong’s new chapter Part II – The story begins... Part III – Sharpening the city’s edge Part IV – Tapping into tech and talent The series has been produced with support from the Hong Kong SAR government. To see the South China Morning Post’s coverage of the five-year plan, click here. This Factsheet will appear in the SCMP print edition on October 20. You can find it at... https://www-scmp-com.libproxy1.nus.edu.sg/plus/news/hong-kong/politics/article/3371054/sharpening-citys-edge?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/plus/news/hong-kong/politics/article/3371054/sharpening-citys-edge?utm_source=rss_feed Fri, 16 Oct 2026 01:00:10 +0000 Denise Tsang Denise Tsang The coming Apec finance ministers’ meeting in Hong Kong will demonstrate “China’s voice” in regional stability, with the city uniquely placed to bring together regional leaders for important exchanges in a geopolitically charged world, the treasury chief has said. In an exclusive interview with the South China Morning Post on Thursday, Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said the timing of the meeting of finance ministers from the 21 Asia-Pacific Economic... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371051/hong-kong-apec-meet-showcase-chinas-voice-stability-treasury-chief-says?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3371051/hong-kong-apec-meet-showcase-chinas-voice-stability-treasury-chief-says?utm_source=rss_feed Fri, 16 Oct 2026 00:00:31 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong has emerged as the third best city in the world for wealthy individuals seeking to make philanthropic contributions over the medium term, trailing New York and Seoul, according to a study by Altrata. The inaugural Giving Opportunity Index by the US-based group that tracks the world’s affluent population ranked 100 cities based on three criteria: wealth, donor affinity and philanthropic infrastructure. The study defined the “global wealthy” as individuals with a net worth of more than... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371004/hong-kong-ranks-third-globally-philanthropy-hub-behind-new-york-and-seoul-study-finds?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3371004/hong-kong-ranks-third-globally-philanthropy-hub-behind-new-york-and-seoul-study-finds?utm_source=rss_feed Thu, 15 Oct 2026 09:00:30 +0000 Eric Jiang Eric Jiang More than 1,000 residents are expected to ride in autonomous vehicles (AVs) after Chinese technology giant Baidu launches Hong Kong’s first large-scale public trial next week. Baidu’s autonomous driving platform, Apollo, will run the trial in Tung Chung from October 21 to November 3, inviting more than 1,000 residents to take part. Iris Wong Man-hei, senior project and business development manager for Baidu’s intelligent driving group, described the trial as a “milestone” for the city’s... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370979/over-1000-hongkongers-ride-baidus-robotaxis-city-first-public-trial?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370979/over-1000-hongkongers-ride-baidus-robotaxis-city-first-public-trial?utm_source=rss_feed Thu, 15 Oct 2026 07:14:33 +0000 Matthew Cheng Matthew Cheng Five Guangdong-registered yachts will sail into Hong Kong waters on Friday when the Southbound Yacht Travel Scheme launches, the city’s marine chief has said, adding that officers will step up patrols. A ceremony marking the scheme’s maiden voyages will also take place. The launch is a key step in the government’s plan to develop Hong Kong’s yacht economy, as outlined in the city’s first five-year plan and the latest policy address. Under the scheme, mainland Chinese vessels can register through... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3370946/5-guangdong-registered-yachts-sail-hong-kong-southbound-scheme-launches?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3370946/5-guangdong-registered-yachts-sail-hong-kong-southbound-scheme-launches?utm_source=rss_feed Thu, 15 Oct 2026 03:51:43 +0000 Leopold Chen,Edith Lin Leopold Chen,Edith Lin The operator of Hong Kong’s flagship San Tin Technopole has pledged to offer affordable land to attract tenants, while revealing plans to reclaim and redevelop fish ponds near the Shenzhen border to accommodate a client requiring substantial premises. Sunny Chai Ngai-chiu, chairman of San Tin Technopole Company Limited (STTCL), on Wednesday also welcomed the proposed funding of HK$10 billion (US$1.27 billion) for the government-owned entity overseeing the technology cluster next to the mainland... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370848/san-tin-tech-hub-operator-pledges-affordable-land-attract-tenants?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370848/san-tin-tech-hub-operator-pledges-affordable-land-attract-tenants?utm_source=rss_feed Wed, 14 Oct 2026 07:25:26 +0000 C. K. Yeung C. K. Yeung China has lifted nearly 800 million people out of extreme poverty, arguably the greatest achievement in poverty reduction in human history. Even so, no mainland Chinese economist has won the Nobel Prize in Economic Sciences. Across the Pacific, the United States has produced about 75 per cent of Nobel economics laureates, even as its economy staggers under mounting public debt, chronic fiscal deficits, and recurring financial crises and government shutdowns. Of the 99 economics laureates ever... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/hong-kong-opinion/article/3370554/does-hong-kongs-economy-serve-people-or-profit?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/hong-kong-opinion/article/3370554/does-hong-kongs-economy-serve-people-or-profit?utm_source=rss_feed Wed, 14 Oct 2026 01:30:05 +0000 Lam Ka-sing Lam Ka-sing The roar of plane engines and the hustle and bustle at Hong Kong International Airport’s Terminal 2 present a stark contrast to the pin-drop silence at the adjacent 11 Skies commercial complex. A South China Morning Post reporter who travelled between the two places in early October found minimal footfall at the shopping centre, with the bright and airy environment of the airport terminal replaced by dim, stuffy and boarded-up corridors, and poor air conditioning amid the simmering outdoor... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370781/why-did-hong-kongs-11-skies-fail-and-can-megaproject-be-rescued?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370781/why-did-hong-kongs-11-skies-fail-and-can-megaproject-be-rescued?utm_source=rss_feed Wed, 14 Oct 2026 00:30:07 +0000 Lo Hoi-ying Lo Hoi-ying Taiwanese Finance Minister Chuang Tsui-yun plans to attend the Apec meeting in Hong Kong, where the Chinese finance chief is due to deliver the opening speech. Chuang’s ministry told Reuters on Tuesday she would attend the meeting “as is customary”. Hong Kong is hosting the Apec Finance Ministers’ Meeting on October 20 and 21, while the Economic Leaders’ Summit will take place in Shenzhen next month. China is the summit host for the Asia-Pacific Economic Cooperation forum this year. In response... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370776/taiwanese-finance-minister-plans-join-apec-meeting-hong-kong?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370776/taiwanese-finance-minister-plans-join-apec-meeting-hong-kong?utm_source=rss_feed Tue, 13 Oct 2026 14:04:01 +0000 Ambrose Li Ambrose Li Hong Kong authorities have renewed the free-to-air licences of the city’s television broadcasters with conditions to boost local production of English-language national education shows and programmes aimed at “telling good stories” of the city. The Executive Council, the city’s top decision-making body, approved the renewal on Tuesday, extending 12-year licences to all three broadcasters. These licences will run until 2039 for HK Television Entertainment (HKTVE) and TVB, and until 2040 for... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370773/hong-kong-renews-tv-station-licences-push-telling-good-stories?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370773/hong-kong-renews-tv-station-licences-push-telling-good-stories?utm_source=rss_feed Tue, 13 Oct 2026 13:26:59 +0000 Ken Chu Ken Chu Over the coming weeks, Hong Kong and Shenzhen will host two major gatherings of Asia-Pacific decision-makers. Hong Kong’s first Apec Finance Ministers’ Meeting takes place on October 20-21, with around 500 visitors expected, while Shenzhen hosts the Apec Economic Leaders’ Week next month. These Asia-Pacific Economic Cooperation forum meetings will bring international visitors to two neighbouring cities at the centre of China’s Apec year. For Hong Kong’s tourism industry, they offer a timely... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/hong-kong-opinion/article/3370399/apec-chance-hong-kong-earn-its-place-chinas-tourism-boom?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/hong-kong-opinion/article/3370399/apec-chance-hong-kong-earn-its-place-chinas-tourism-boom?utm_source=rss_feed Tue, 13 Oct 2026 01:30:07 +0000 Kristen Cheung Kristen Cheung Hong Kong travel agencies and border shops have capitalised on the opening of the revamped Huanggang Port as thousands of visitors poured through the control point, with special tours on offer and shopkeepers reporting brisk business. Agents said the port’s 24-hour joint clearance arrangements could give cross-border tourism a major boost, although crowd control measures dampened trade at the checkpoint entrance. Tour groups organised by Hong Kong travel agency Big Line Holiday were among the... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370641/everyone-wants-make-history-revamped-huanggang-port-opens-brisk-business?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370641/everyone-wants-make-history-revamped-huanggang-port-opens-brisk-business?utm_source=rss_feed Tue, 13 Oct 2026 00:30:09 +0000 Denise Tsang Denise Tsang China’s finance minister, Lan Foan, will deliver a keynote speech, while presentations by three prominent financial institutions will be among the highlights of next week’s Apec meeting in Hong Kong, the South China Morning Post has learned. A draft agenda obtained by the SCMP on Monday listed a series of programmes for finance ministers from the Asia-Pacific Economic Cooperation’s 21 member economies on October 20 and 21 at the Hong Kong Convention and Exhibition Centre in Wan Chai. Sources... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370640/china-finance-minister-deliver-opening-speech-apec-meeting-hong-kong?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370640/china-finance-minister-deliver-opening-speech-apec-meeting-hong-kong?utm_source=rss_feed Mon, 12 Oct 2026 23:00:37 +0000 Ng Kang-chung Ng Kang-chung Hong Kong’s institutional advantages and close ties with mainland China and the wider world can contribute to the Asia-Pacific region’s prosperity, a key adviser to the city’s leader has told a conference. Stephen Wong Yuen-shan, head of the Chief Executive’s Policy Unit, said on Monday that Hong Kong was transforming itself into the region’s institutional “harbour” – where trade from regional markets could converge and take advantage of the city’s “soft connectivity” advantages. He said such... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370644/hong-kong-can-boost-regional-prosperity-through-soft-connectivity-adviser-says?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370644/hong-kong-can-boost-regional-prosperity-through-soft-connectivity-adviser-says?utm_source=rss_feed Mon, 12 Oct 2026 17:03:49 +0000 Lexi Tian,Jess Ma Lexi Tian,Jess Ma The much-anticipated opening of the revamped Huanggang Port border crossing between Hong Kong and Shenzhen on Monday was marked by excitement, eagerness and confusion. At around 8am, 1½ hours after the control point opened, many private vehicles were neatly lining up for immigration clearance. The use of new technology, a new location and a new facility meant that extra time and patience were needed. Visitors, mostly tourists and retirees travelling on foot, had a wow moment inside the modern... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370632/selfies-queues-and-confusion-huanggang-ports-wow-factor-shines-through?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370632/selfies-queues-and-confusion-huanggang-ports-wow-factor-shines-through?utm_source=rss_feed Mon, 12 Oct 2026 13:53:58 +0000 Wynna Wong Wynna Wong More than 120 robots, including humanoid machines designed for factory work and elderly care, will be showcased at two major Hong Kong electronics fairs, as mainland Chinese manufacturers seek to expand the commercial applications of AI and tap overseas markets. The Hong Kong Electronics Fair (Autumn Edition) and electronicAsia will open on Tuesday at the Hong Kong Convention and Exhibition Centre in Wan Chai, bringing together more than 3,200 exhibitors from 15 countries and regions for four... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370622/hong-kong-electronics-fairs-showcase-120-robots-firms-aim-expand-ai-use?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370622/hong-kong-electronics-fairs-showcase-120-robots-firms-aim-expand-ai-use?utm_source=rss_feed Mon, 12 Oct 2026 12:32:48 +0000 Chow Chung-yan Chow Chung-yan Beijing is building a gold-backed monetary architecture to accelerate yuan internationalisation. In this three-part series, Part 1 traces China’s path as a gold superpower, while Part 2 explores the crucial role of Hong Kong’s offshore vaulting infrastructure. Hong Kong’s ambition to become an international gold trading centre rests not only on serving the nation’s financial needs, but also on China’s booming consumer market for gold. As the world’s largest gold producer and importer, China... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/hong-kong-opinion/article/3370195/game-changer-hong-kongs-gold-ambition-shenzhens-jewellery-hub?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/hong-kong-opinion/article/3370195/game-changer-hong-kongs-gold-ambition-shenzhens-jewellery-hub?utm_source=rss_feed Mon, 12 Oct 2026 01:00:15 +0000 Eric Jiang,Matthew Cheng Eric Jiang,Matthew Cheng The revamped Huanggang Port checkpoint is a “critical milestone” for the connectivity of the Greater Bay Area, Hong Kong’s leader has said, as the city and Shenzhen count down to its launch on Monday. Chief Executive John Lee Ka-chiu said at a ceremony on Sunday that the Huanggang control point was a “landmark project” built and shared through the joint efforts of Hong Kong and Shenzhen. “Hong Kong unveiled its first five-year plan last month to proactively align with the national 15th five-year... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370474/huanggang-port-milestone-integrating-hong-kong-greater-bay-area-john-lee?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370474/huanggang-port-milestone-integrating-hong-kong-greater-bay-area-john-lee?utm_source=rss_feed Sun, 11 Oct 2026 05:08:51 +0000 Matthew Cheng Matthew Cheng An Apec finance ministers’ meeting in Hong Kong this month will focus on fiscal policies that support livelihoods, financing for digital infrastructure, inclusive finance and young financial talent, underlining the city’s role as an international financial centre, the finance chief has said. “These four priorities are areas of strength for Hong Kong and fields in which we can make an active contribution,” Financial Secretary Paul Chan Mo-po wrote in his weekly blog on Sunday. “Hosting the... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370472/hong-kong-finance-chief-highlights-4-priorities-ahead-apec-meeting-month?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370472/hong-kong-finance-chief-highlights-4-priorities-ahead-apec-meeting-month?utm_source=rss_feed Sun, 11 Oct 2026 04:22:33 +0000 Fiona Chow,Eric Jiang Fiona Chow,Eric Jiang Hongkonger Terrence Wu Chung-ting puts on an apron, picks up a comb and massages hair essence into a client’s scalp during a treatment for hair loss. But eight years ago, Wu’s job could not have been any more different. A finance graduate from one of the city’s top universities, he was then a marketer for beauty products and focused on sales. But when he saw untapped potential in Hong Kong’s hairdressing industry, he boldly switched careers from a white-collar to a blue-collar profession,... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3370353/worker-prospects-hong-kong-hair-beauty-sector-not-cut-and-dried-amid-staff-shortages?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3370353/worker-prospects-hong-kong-hair-beauty-sector-not-cut-and-dried-amid-staff-shortages?utm_source=rss_feed Sat, 10 Oct 2026 04:00:15 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-headquartered DFI Retail Group, which owns and operates the city’s largest supermarket network, says it will continue to invest in new stores even though consumers remain cautious. Darren Chan, the group’s managing director for food in Hong Kong and Macau, said DFI – whose supermarket chains include Wellcome and Market Place in Hong Kong – was also “looking for opportunities to strengthen” its network where there was “clear customer demand and attractive long-term returns”. “We invest... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370322/dfi-retail-group-says-it-will-continue-invest-hong-kong-supermarkets?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370322/dfi-retail-group-says-it-will-continue-invest-hong-kong-supermarkets?utm_source=rss_feed Fri, 09 Oct 2026 09:00:10 +0000 Kristen Cheung Kristen Cheung Lawmakers and engineering sector leaders have called for a review of Hong Kong’s building inspection mechanism and a blacklist to bar errant contractors from government tenders, after a developer said half of the city’s first privately built “starter homes” project will be demolished due to shoddy steel work. The government should review the inspection regime and increase its supervisory manpower, lawmakers and engineers said on Friday, calling for inspectors to be stationed at construction... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370294/hong-kong-needs-tougher-inspection-regime-experts-say-after-ck-asset-building-fiasco?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370294/hong-kong-needs-tougher-inspection-regime-experts-say-after-ck-asset-building-fiasco?utm_source=rss_feed Fri, 09 Oct 2026 06:01:43 +0000 Eric Jiang Eric Jiang China’s once-notorious “gutter oil”, recycled from kitchen and drainage waste, has almost vanished from dining tables in recent years and now carries the nickname liquid gold. The substance has become a highly sought-after feedstock for producing clean energy, especially sustainable aviation fuel (SAF), with biofuel producers such as Hong Kong-based Ecoceres sourcing gutter oil across the Greater Bay Area. EcoCeres’ co-chairman, Alan Chan Ying-lung, witnessed how the restaurant waste transformed... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370198/kitchen-waste-sky-high-costs-inside-hong-kongs-quest-green-jet-fuel?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370198/kitchen-waste-sky-high-costs-inside-hong-kongs-quest-green-jet-fuel?utm_source=rss_feed Fri, 09 Oct 2026 00:30:06 +0000 Matthew Cheng Matthew Cheng Hong Kong’s development chief has dismissed concerns that commercial floor space in the Northern Metropolis megaproject will further depress the city’s struggling office market, stressing that incoming supply is primarily for the innovation and technology (I&T) sector. Secretary for Development Bernadette Linn Hon-ho told the Legislative Council on Thursday that the 1 million square metres (10.8 million square feet) of economic floor space to be provided in the megaproject next to the Shenzhen... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370199/development-chief-dismisses-fears-northern-metropolis-supply-will-hit-office-sector?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370199/development-chief-dismisses-fears-northern-metropolis-supply-will-hit-office-sector?utm_source=rss_feed Thu, 08 Oct 2026 10:56:32 +0000 Wynna Wong,Lexi Tian Wynna Wong,Lexi Tian Hong Kong recorded more mainland Chinese visitor arrivals during the National Day “golden week” holiday than predicted, surpassing last year’s total despite the break being one day shorter as malls and hotel operators reported brisk business. The city welcomed more than 1.41 million mainland arrivals during the seven-day holiday, exceeding the government’s forecast of 1.29 million, according to Immigration Department figures. More than 1.4 million mainland visitors arrived during the same... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370095/mainland-chinese-arrivals-hong-kong-beat-golden-week-forecast-just-6-days?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370095/mainland-chinese-arrivals-hong-kong-beat-golden-week-forecast-just-6-days?utm_source=rss_feed Thu, 08 Oct 2026 00:30:05 +0000 Matthew Cheng Matthew Cheng Hong Kong and Indonesia can deepen cooperation in green finance as their ties strengthen, the country’s special envoy for international trade has said, adding that the city’s common law expertise can support the nation’s efforts to attract family offices. Hong Kong also played a vital role as a conduit channelling mainland China investments to Asean, Mari Elka Pangestu told reporters before delivering a lecture at the University of Hong Kong on Wednesday. Pangestu is the Indonesian president’s... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370083/hong-kong-and-indonesia-can-deepen-green-finance-ties-jakarta-envoy-says?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370083/hong-kong-and-indonesia-can-deepen-green-finance-ties-jakarta-envoy-says?utm_source=rss_feed Wed, 07 Oct 2026 12:48:14 +0000 Cannix Yau Cannix Yau The annual Hong Kong Wine and Dine Festival in late October will extend its opening hours until 1am on two nights and feature 10 per cent more booths, with the Tourism Board rolling out a gourmet month throughout November to boost visitor spending and encourage longer stays. Organised by the board under the theme “Taste the World’s Best”, the festival will be held from October 29 to November 1 at the Central Harbourfront, opening at 7.30pm on the first day and 1pm on the following days. The... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370067/hong-kongs-wine-and-dine-festival-feature-extended-hours-10-more-booths?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370067/hong-kongs-wine-and-dine-festival-feature-extended-hours-10-more-booths?utm_source=rss_feed Wed, 07 Oct 2026 11:12:41 +0000 Edith Lin,Matthew Cheng Edith Lin,Matthew Cheng Hong Kong’s economy continued to expand in the third quarter of this year, driven by strong exports and tourism, the finance chief has said, while warning of risks including the Middle East war and global inflation. Addressing lawmakers during a debate on the city’s first five-year plan and annual policy blueprint on Wednesday, Financial Secretary Paul Chan Mo-po also reiterated that he was confident the economy would grow by between 3.5 per cent and 4.5 per cent this year. He noted that gross... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370061/hong-kong-finance-chief-says-economy-grew-third-quarter-warns-external-risks?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3370061/hong-kong-finance-chief-says-economy-grew-third-quarter-warns-external-risks?utm_source=rss_feed Wed, 07 Oct 2026 10:00:33 +0000 Cheryl Arcibal Cheryl Arcibal Higher interest rates have weighed on property markets in both Hong Kong and New York, but Morgan Stanley sees greater upside potential in the Asian financial hub – particularly the office segment – in the months ahead, according to its latest report. The US investment bank highlighted the similarities between two of the world’s leading financial centres, pointing out that Hong Kong’s monetary policy moved in lockstep with the US Federal Reserve, while both cities faced limited land supply,... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370022/why-morgan-stanley-sees-more-upside-hong-kong-offices-new-york-towers?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3370022/why-morgan-stanley-sees-more-upside-hong-kong-offices-new-york-towers?utm_source=rss_feed Wed, 07 Oct 2026 09:00:12 +0000 Cheryl Arcibal Cheryl Arcibal Japanese, South Korean and Thai brands have increased their share of new entrants in Hong Kong’s retail property market by 7 percentage points to more than one-third in the first nine months of 2026, while the demand for shops from mainland Chinese brands has slipped, according to Cushman & Wakefield. A slew of new brands helped lift the combined share of Japanese, South Korean and Thai brands to a three-year high, according to Cushman, which said it expected the trend to continue. This year,... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369937/hong-kongs-first-store-appeal-grows-more-japanese-south-korean-and-thai-brands-arrive?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3369937/hong-kongs-first-store-appeal-grows-more-japanese-south-korean-and-thai-brands-arrive?utm_source=rss_feed Tue, 06 Oct 2026 23:00:08 +0000 William Yiu,Edith Lin William Yiu,Edith Lin Hong Kong has retained its status as the world’s freest economy in the latest annual ranking by a top Canadian think tank, although its score has declined in recent years. Switzerland overtook Singapore to claim second place in 2026, pushing the city state down to third in the league table released by the Fraser Institute on Tuesday. The Economic Freedom of the World report, compiled by the Vancouver-based public policy research organisation using data from 2024, ranked Hong Kong first among 165... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3369922/hong-kong-remains-worlds-freest-economy-switzerland-overtakes-singapore?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3369922/hong-kong-remains-worlds-freest-economy-switzerland-overtakes-singapore?utm_source=rss_feed Tue, 06 Oct 2026 09:36:16 +0000 Denise Tsang,Wynna Wong Denise Tsang,Wynna Wong The authority managing Hong Kong’s arts hub in West Kowloon recorded a wider deficit in the 2025-26 financial year but expects to generate more income next year by putting a residential development project out to tender. The West Kowloon Cultural District Authority’s deficit ballooned to HK$998 million (US$127 million) in the year to March 31, from HK$769 million in the same period a year earlier. The increase was mainly due to higher operating costs as it prepared the new WestK Performing Arts... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3369906/west-kowloon-arts-hub-deficit-widens-hk998m-operating-costs-rise?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3369906/west-kowloon-arts-hub-deficit-widens-hk998m-operating-costs-rise?utm_source=rss_feed Tue, 06 Oct 2026 08:14:47 +0000 Haining Gao Haining Gao – https://www-scmp-com.libproxy1.nus.edu.sg/plus/business/banking-finance/article/3369852/hong-kongs-big-ipo-haul?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/plus/business/banking-finance/article/3369852/hong-kongs-big-ipo-haul?utm_source=rss_feed Tue, 06 Oct 2026 02:22:01 +0000 Wynna Wong Wynna Wong Mainland Chinese arrivals to Hong Kong surged at the start of the National Day “golden week” holiday before easing towards last year’s levels, with a lawmaker attributing the early rush partly to the city’s fireworks display and tourists making the most of a shorter break. Immigration Department figures showed that 277,304 mainland visitors arrived on October 1, up 19.1 per cent from 232,751 on the first day of last year’s holiday and 25.1 per cent from the 221,644 recorded in 2024. “The... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3369821/mainland-chinese-arrivals-hong-kong-surged-start-golden-week-holiday?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3369821/mainland-chinese-arrivals-hong-kong-surged-start-golden-week-holiday?utm_source=rss_feed Mon, 05 Oct 2026 12:35:26 +0000 Ng Kang-chung Ng Kang-chung Hong Kong’s first Chinese-owned department store, Sincere, will close its historic branch in the city’s central business district in December after 126 years of retail history. The company revealed, however, that it would seek a new location in Central or Sheung Wan. Economists cautioned, however, that despite strong retail sales in the city overall recently, the market had changed, and running physical stores had become highly challenging. Sincere announced on Sunday that the flagship store... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3369817/sincere-close-central-department-store-after-126-years-lease-expires?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3369817/sincere-close-central-department-store-after-126-years-lease-expires?utm_source=rss_feed Mon, 05 Oct 2026 11:47:48 +0000 Leopold Chen Leopold Chen Eight more companies from countries belonging to Beijing’s Belt and Road Initiative have applied to list in Hong Kong, the city’s trade promotion chief has revealed. Frederick Ma Si-hang, chairman of the Trade Development Council, also said on Monday the city’s economy would benefit from improving China-US ties. Speaking on the sidelines of the Global Youth Powerhouse Summit, Ma said interest in Hong Kong’s capital markets from Central Asia had surged after a high-level delegation led by Chief... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3369784/8-more-firms-belt-and-road-initiative-countries-apply-ipos-hong-kong?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3369784/8-more-firms-belt-and-road-initiative-countries-apply-ipos-hong-kong?utm_source=rss_feed Mon, 05 Oct 2026 07:55:41 +0000